%0 Journal Article
%T Relationships between age, gender and Financial Growth of Listed Firms in Kenya
%A Nyandema Daniel
%J Africa International journal of management education and Governance
%P 1-18
%@ 2518-0827
%D 2016
%R -
%X The study sought to determine the relationships between board of directors¡¯ age, gender and financial growth of companies listed in Kenya. The study was guided by the agency theory, contingency theory and stewardship theory. The study used correlational research design and the target population for this study was board of directors of 60 listed companies in the Nairobi Securities Exchange and the sample size of 18 boards of directors of listed companies was used being representative of all the sectors. Data was sourced from NSE annual reports and annually published financial statements of listed companies. In order to answer the research questions the study used cross tabulation and to determine the strength of relationship between board directors¡¯ age, gender and firm¡¯s financial growth, coefficient of correlation was computed. Correlation was used to test the hypothesis. The study found that there is a negative relationship between the age and the financial growth of companies listed in NSE. Gender has a positive association with profits and a negative association with EPS and DPS. The study established that there is a positive relationship between gender and profits though not significant at 0.056, EPS and DPS is negative and not significant. Correlation was used to test the hypothesis and all were rejected since there wasn¡¯t a significant relationship. The study recommends that the appointment and retirement of directors need to be done carefully because of directors¡¯ characteristics relationship with financial growth of the listed companies in NSE although not significant.
%K Board of Directors
%K gender
%K age
%K financial Growth
%K Kenya
%U http://www.oircjournals.org/images/journals/Relationships-between-age-gender-and-Financial-Growth-of-Listed-Firms-in-Kenya.pdf